Sun Yuchen restarts the Singapore TRON Foundation before the court trial in the U.S

ChainCatcher news, citing Protos and reports from the Southern District Court of New York, indicates that Justin Sun's legal team has postponed the upcoming fraud and market manipulation trial (the third postponement so far) and has reinstated the previously dissolved Singapore TRON Foundation.

The initial lawsuit filed by the SEC last March alleged that DeAndre Cortez Way (also known as SouljaBoy), Austin Mahone, and Justin Sun may have manipulated TRON and BTT tokens. Cortez Way defaulted, Mahone reached a settlement in August 2023. Justin Sun did not respond until a week after the default judgment against Mahone, acknowledging that he would fight the SEC.